beating e-commerce sales tax speed traps
DESCRIPTION
Zeon Solutions and industry leader Avalara help companies who want on-demand sales tax software, so tax calculations happen in real-time as orders are placed and tax returns are filed. We automatically update with the most accurate rate and boundary changes so you can concentrate on your e-commerce business. These solutions have been designed and tested to work with the most popular e-commerce platforms including Magento and Znode. In this informational webinar, topics covered include: • Understand and prepare for state requirements for sales tax compliance • Accurately manage sales tax in your own applications • Avoid negative audits and save time and money on tax administrationTRANSCRIPT
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© Copyright Avalara, 2012
SALES TAX COMPLIANCE THROUGH AUTOMATION
Beating E-commerce Sales Tax Speed Traps
Zeon Solutions and Avalara
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Today’s speakers
David SmartOEM/ISV Account Manager
Avalara
Jenny HagemannBusiness Development Manager
Zeon Solutions
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Zeon Solutions’ enterprise e-commerce solutions
We work with companies who use technology to accelerate revenue online -
10 years of both B2B and B2C expertise
Longstanding partnerships with industry leaders
• E-commerce platforms Magento and Znode
• Content management solutions with Sitecore
• Managed hosting with Rackspace
• Enterprise search from Endeca
• Transactional tax solutions from Avalara
• Software application development, including mobile apps• Search marketing: SEO, PPC and social media experts
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Avalara’s transactional tax solutions
Avalara is the leader in web-based transactional tax -
• Chosen by more than 10,000 businesses• Calculating more than 3 million tax computations daily
• Processing more than 30,000 returns per month
• Remitting more than $14 billion in tax filings annually• Tracking more than 1.5 million sales tax exemption forms• Charter and Certified Service Provider for the Streamlined
Sales Tax Project.
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5
AvaTax – Magento’s Gold Certified Tax Solution
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Your Sales Tax Challenge
Calculation – For each purchase, tax needs to be calculated and needs to take into account:
– Should sales tax be applied based on Ship-To or Ship-From address
– Jurisdictions (State, County, City and Special Taxing Jurisdictions)
– Product specific taxability
– Amount of the unit price and total invoice
– Sales tax exempt entity status
– Reporting to support the compliance process
Returns – The tax accrued or collected needs to be remitted to each state or jurisdiction:
– AP departments typically have to make a payment to each state monthly or quarterly. AvaTax automates this.
AvaTax automates all of this for e-commerce, ERP, POS
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Lower Sales Tax Revenues Make Enforcement a Priority
State Auditor New HiresNumber of State Audits
Sales Tax Revenue Collection
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What our customers are telling us….
Accurate sales tax calculations are important
Sub-second performance is necessary for good customer experience
They don’t want the pain of managing sales tax rates and rules
OOTB reporting and real-time data accessibility is necessary to streamline the compliance process
Looking for risk reduction associated with audits
Sales tax compliance is strategic to outsource
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What Does It Take To Comply in Over 11,000 Tax Jurisdictions?
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Geo-location, not zip codes
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Download Adobe Acrobat 9 Pro Extended
https://www.adobe.com/downloads/
Taxable or Non-Taxable in CA?
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Taxable or Non-Taxable in CA?
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Taxable or Non-Taxable in CA?
Download Adobe Acrobat 9 Pro Extendedhttps://www.adobe.com/downloads/
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Your options
Onsite Solution (Legacy)• Requires maintenance, support, monthly updates• May not easily scale with business needs• High integration costs and long implementation timeframes• Slow API; not well suited for high transaction e-commerce
The “Afterthought” Solution• Usually integrated with other systems (payment, logistics)• Provides calculation based on zip code-based tax rates• No reporting capabilities• No product taxability capabilities• Support is challenging
Or…
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End-to-End Compliance
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Multi-Channel Tax Compliance
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When we make sense…
1. Complex or multi-state, global VAT requirement
2. Product taxability concerns
3. Are multi-channel
You have… Specifics…
1. Any of 17 complex tax states, or with 2 or 3 locations and/or global
2. Clothing and apparel, software, digital goods, services, etc.
3. AvaTax integrated with over 200 POS, ERP and commerce systems
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Questions?
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For more information…
David Smart+1 206-780-7000 ext. 1150
Jenny Hagemann+1 414-847-1145